Watch for Continued Gains in Shares of Crown Holdings I (CCK)

Written on Mon, 07/17/2017 - 10:21am

By Amy Schwartz

Shares of Crown Holdings I (NYSE:CCK) traded today at $60.36, breaking its 52-week high. Approximately 59,000 shares have changed hands today, as compared to an average 30-day volume of 958,000 shares.

There is potential upside of 0.6% for shares of Crown Holdings I based on a current price of $60.29 and an average consensus analyst price target of $60.67. The stock should find initial support at its 50-day moving average (MA) of $49.95 and further support at its 200-day MA of $49.50.

In the past 52 weeks, shares of Crown Holdings I have traded between a low of $48.04 and a high of $60.36 and are now at $60.29, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 1.28% higher over the past week, respectively.

Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods through plants located in countries around the world. The Company's primary products include steel and aluminum cans for food, beverage, household, and other consumer products. Crown also provides a variety of metal caps, closures, and dispensing systems.

SmarTrend recommended that subscribers consider buying shares of Crown Holdings I on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.93. Since that recommendation, shares of Crown Holdings I have risen 9.6%. We continue to monitor CCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.